Applied Finance Capital Management LLC Has $384,000 Stock Holdings in CF Industries Holdings, Inc. $CF

Applied Finance Capital Management LLC cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 9.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 4,169 shares of the basic materials company’s stock after selling 428 shares during the quarter. Applied Finance Capital Management LLC’s holdings in CF Industries were worth $384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its holdings in CF Industries by 0.8% in the 2nd quarter. Nordea Investment Management AB now owns 15,262 shares of the basic materials company’s stock valued at $1,395,000 after acquiring an additional 114 shares in the last quarter. Empirical Asset Management LLC acquired a new position in CF Industries in the 2nd quarter valued at $575,000. Allianz Asset Management GmbH raised its holdings in shares of CF Industries by 72.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock worth $159,061,000 after buying an additional 724,329 shares in the last quarter. NorthRock Partners LLC lifted its position in shares of CF Industries by 30.9% during the 2nd quarter. NorthRock Partners LLC now owns 3,972 shares of the basic materials company’s stock worth $365,000 after buying an additional 937 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of CF Industries during the 2nd quarter worth $249,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CF. Morgan Stanley set a $95.00 price objective on CF Industries and gave the stock an “equal weight” rating in a research report on Thursday, June 26th. Mizuho upped their price objective on CF Industries from $97.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “hold (c+)” rating on shares of CF Industries in a research report on Tuesday. Wall Street Zen upgraded CF Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $95.00 to $100.00 in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $96.92.

CF Industries Price Performance

CF Industries stock opened at $83.59 on Friday. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $13.54 billion, a PE ratio of 10.91 and a beta of 0.93. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $104.45. The stock has a 50-day moving average price of $86.64 and a two-hundred day moving average price of $87.13.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.35 by $0.02. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the company earned $2.30 earnings per share. Analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. CF Industries’s dividend payout ratio is presently 26.11%.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.